The idyll of Pepe coin will not have lasted with now a token in total free fall for a few days. It is the case since it lost 15% of its value until the day before yesterday. Today, the token experienced its biggest drop leading to a loss of about 30% of its value over a week!
This drop is related to many factors, but the SEC is largely responsible for the latter. It isn't very nice with exchange platforms, whether Coinbase or Binance. Two of the biggest markets on earth.
But do not panic; new memecoins are already entering the crypto sphere and attracting the attention of investors.
Pepecoin (PEPE): the meme coin's descent into hell continues
The SEC continues its crusade against crypto companies, which has a strong impact on the cryptocurrency market as a whole. Bitcoin also just lost $1000 today, dropping from a price of $25,000 to $24,000 in no time.
Binance, the world's largest centralized exchange, is accused by the SEC of conducting the unregistered supply and sale of cryptos. Its CEO, Changpeng Zhao, is accused of violating US securities rules.
Bitcoin leads the dance in the crypto market, and $ PEPE falls as a result
$ PEPE is, therefore, a collateral victim of all this regulatory brainstorming and inexorably follows Bitcoin in its fall, like most cryptos on the market.
We also note that its flash drop today occurred when Bitcoin began to decline.
Unfortunately, the future of the crypto frog appears to be in jeopardy, with slim chances of ever seeing the token return to its all-time high. And if so, it won't be for now!
Such a fall is catastrophic on a memecoin based only on phenomena of hype and on the community's enthusiasm. The cryptocurrency market is very volatile, and investor interest can quickly plummet as new and more attractive projects enter the market.
Is Wall Street Memes token ($WSM) ready to take over the hype?
Speaking of taking up the torch, the new $WSM token looks set to make big profits in the coming days. This new memecoin is still in the draft stage but is already being emulated.
As of this writing, the latter is available for pre-sale and has already raked in $4.7 million. This project is based on a fun concept that has already proven itself. An NFTs collection of the same name and concept sold out in 32 minutes when it was released last year.
The developers want to give the general public a chance to take advantage of this monster interest in the Wall Street Memes concept by creating their token! $WSM is currently available for $0.0274, but the price keeps rising. If the concept appeals to you, act quickly to secure the best deal on the tokens.
What is the Wall Street Memes ($WSM) token?
$WSM is based on an important movement in Web2 culture, namely the concept of the Golden Boys of Wall Street. Wall Street Memes draws a parallel between these wealthy young traders ready to do anything to reap maximum profits and the wealth-hungry crypto community, too, ready to risk everything… and lose everything.
Wall Street Memes take famous memes like the "Swole Doge", the "Troll's faces", and other jokes while incorporating them into their universe. Investors looking for a highly volatile token with high upside potential will likely be interested in $WSM!